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Citing Financing Concerns, Delphi Seeks Extension

Law360 (December 3, 2007, 12:00 AM EST) -- Though Delphi Corp. has already filed a Chapter 11 plan, the bankrupt auto parts supplier is asking a judge for a three-month extension of its exclusive rights to file and solicit acceptance for its blueprint for exiting bankruptcy, just in case its plan doesn't garner enough support or win court confirmation.

Friday, Delphi asked U.S. Bankruptcy Judge Robert D. Drain to extend its exclusive right to file a restructuring plan through March 31, 2008, and its exclusive right to lobby for plan support through May 31,...
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